2-bed · 1,618 sqftOcean Heights Tower, Dubai Marina · 47th floor · completed 2010

4703, Ocean Heights Tower

Sold prices and rental history: sold 3 times, last in November 2022, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4703 · DLD and Ejari recordsUpdated 29 November 2022
Last soldAED 2M29 November 2022
Current rentAED 160K /yr10 February 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4703, Ocean Heights Tower

What is 4703 worth today?

Last sold for AED 2,000,000 in 2022

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29 Nov 2022SoldReady
AED 2,000,000AED 1,236 per sqft
10 Feb 2017RentedRenewal
AED 160,000/yr12 months · AED 99 per sqft
10 Feb 2016RentedNew contract
AED 160,000/yr12 months · AED 99 per sqft
9 Oct 2014RentedNew contract
AED 160,000/yr12 months · AED 99 per sqft
14 Jul 2011SoldReady
AED 3,315,840AED 2,049 per sqft
8 Jul 2009Sold by developerOff-plan
AED 3,315,840AED 2,049 per sqft

Source: Dubai Land Department. Updated 29 November 2022.

Key facts

Type
2-bed apartment
Size
1,618 sqft
Floor
47th of 80
Parking
P3-62
Developer
DAMAC
Completed
2010
Service charge
AED 26,400 /yr
Last sold
AED 2M · November 2022

About 4703, Ocean Heights Tower

4703 is a two-bedroom apartment of 1,618 sqft on the 47th floor of Ocean Heights Tower, a 80-storey tower in Dubai Marina completed in 2010 by DAMAC. It last sold on 29 November 2022 for AED 2,000,000, or AED 1,236 per sqft, in line with the AED 1,222 two-beds in the building were fetching at the time.

It has been rented since 2014 on 3 Ejari contracts. The current contract, renewed on 10 February 2017, is AED 160,000 a year: a gross yield of 8.0% on the 2022 price, before the service charge of about AED 26,400 a year.

Sales and rents for 4703 over time

Sales
Unit 4703, each saleTypical two-bed in Ocean Heights Tower
2M2009201420192024Typical sale price by year: 2009 AED 2,070,000; 2010 AED 2,329,625; 2011 AED 2,070,000; 2012 AED 1,864,018; 2013 AED 2,137,800; 2014 AED 2,800,000; 2015 AED 2,000,000; 2016 AED 2,012,500; 2017 AED 1,995,000; 2018 AED 1,997,500; 2019 AED 1,250,000; 2020 AED 1,035,000; 2021 AED 1,225,000; 2022 AED 1,800,000; 2023 AED 1,800,000; 2024 AED 2,025,000; 2025 AED 2,250,000; 2026 AED 2,000,000Sold by developer, July 2009: AED 3,315,840 (AED 2,049 per sqft)Sold, July 2011: AED 3,315,840 (AED 2,049 per sqft)Sold, November 2022: AED 2,000,000 (AED 1,236 per sqft)

4703 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 4703, each contractTypical two-bed in Ocean Heights Tower
100K150K2012201620202024Typical rent by year: 2012 AED 110,000; 2013 AED 120,000; 2014 AED 140,000; 2015 AED 143,325; 2016 AED 140,000; 2017 AED 135,000; 2018 AED 121,000; 2019 AED 106,000; 2020 AED 88,500; 2021 AED 88,000; 2022 AED 97,608; 2023 AED 115,000; 2024 AED 121,000; 2025 AED 130,000; 2026 AED 130,000New contract, October 2014: AED 160,000 a yearNew contract, February 2016: AED 160,000 a yearRenewal, February 2017: AED 160,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Ocean Heights Tower, and where 4703 sits

All 203 2-beds →

4703 last sold in November 2022 at AED 1,236 per sqft, in line with what two-beds in Ocean Heights Tower were fetching at the time (AED 1,222). Over the last 12 months two-beds sold for AED 1,700,000 to 3,100,000, around AED 1,572 per sqft, and rent for AED 90,000 to 200,000 a year. 4703's AED 160,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
7 Jul 20261,800,000
25 Jun 20261,700,000
10 Jun 20262,000,000
3 Feb 20262,100,000
6 2-bed sales in the last 12 months

Ocean Heights Tower

Building

581 apartments, 1-bed to 5-bed over 80 floors in Dubai Marina, completed in 2010 by DAMAC. 27 sold in the last 12 months.

Typical price per sqft
AED 1,609 Up 8.6%
Typical sale
AED 2.1M
Typical rent
AED 105K /yr
Typical yield
5.7%
Ocean Heights Tower, Dubai Marina: prices, sales and rents →

Other units on the 47th floor

All 581 units in Ocean Heights Tower
Value
47013-bedAED 7.05M · Mar 2012
47022-bedAED 2.08M · Mar 2024
47041-bedAED 1.3M · May 2013
47051-bedAED 1.09M · Apr 2011
47062-bedAED 1.98M · Mar 2011
47073-bedAED 3.23M · Dec 2011

4703, Ocean Heights Tower in numbers

  • Sold 3 times: first on 8 July 2009 for AED 3,315,840, last on 29 November 2022 for AED 2,000,000 (AED 1,236 per sqft).
  • Rented since October 2014 on 3 Ejari contracts, at AED 160,000 a year.
  • At AED 160,000 a year the gross yield on the 2022 price is 8.0%, before a service charge of about AED 26,400 a year (AED 16.32 per sqft).
  • Two-beds in Ocean Heights Tower sold for AED 1,700,000–3,100,000 in the 12 months to November 2026; the building's median across all types is AED 1,609 per sqft.

Source: Dubai Land Department. Updated 29 November 2022.

Questions about 4703, Ocean Heights Tower

What did unit 4703 last sell for?

AED 2,000,000 on 29 November 2022: AED 1,236 per sqft for 1,618 sqft. The unit has 3 registered sales; the first was AED 3,315,840 in July 2009.

What is the rent for unit 4703?

AED 160,000 a year on the contract renewed on 10 February 2017. The previous contract, from February 2016, was AED 160,000; the unit has been rented since October 2014.

How big is unit 4703?

1,618 sqft (150.3 sqm): a two-bedroom apartment on the 47th floor of a 80-storey tower completed in 2010.

What is unit 4703 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Ocean Heights Tower sold for AED 1,700,000 to 3,100,000 in the last 12 months, around AED 1,572 per sqft.

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Mortgage on 4703, Ocean Heights Tower

Starts from the last sale price (AED 2M, 29 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →